This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: When the inflation rate rises, the purchasing power of nominal income: a. remains unchanged. b. ... (Read 49 times)

sarasara

  • Hero Member
  • *****
  • Posts: 521
on: Jun 30, 2018
When the inflation rate rises, the purchasing power of nominal income:
 a. remains unchanged.
  b. decreases.
  c. increases.
  d. changes by the inflation rate minus one.

Question 2

The tax multiplier is greater than the spending multiplier regardless of the value of the marginal propensity to consume (MPC).
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

hanadaa

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

False


sarasara

  • Member
  • Posts: 521
Reply 2 on: Jun 30, 2018
:D TYSM

bbburns21

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

For this bimolecular reaction, the rate constant k is second order For this bimolecular reaction, the rate constant k is second order
Respiratory Rate Ranges of Various Age Groups Respiratory Rate Ranges of Various Age Groups
The Risk of Nuclear Power The Risk of Nuclear Power
Social Problems: A Critical Power-Conflict Perspective Social Problems: A Critical Power-Conflict Perspective
Find the voltage, current and power for each resistor in the circuit below Find the voltage, current and power for each resistor in the circuit below
Physics: Power, Energy and Time Physics: Power, Energy and Time
Video: Haustral churning, Gastrocolic reflex and mass peristalsis & Defecation

For a complete list of videos, visit our video library